MGIC beats expectations, but new insurance written underwhelms MGIC Investment Corporation (MTG) reported fourth-quarter net income of $74.4 million, compared with a net loss of $1.4 million for the same quarter a year ago. Diluted net income per share was $0.
· Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to.
Despite this monthly decline, new home sales rose 8.3 percent overall in 2017 to 608,000 units. "The number of consumers planning to buy a new home in the near future is trending upward," said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. "Inventory remains low, but its growth in 2017 is an encouraging sign.
· But housing starts reached a three-month low in January, indicating that newly built homes will not be a significant benefit for buyers in coming months. And a restricted supply of homes for sale will mean increased competition for those homes that are available, potentially leading to bidding wars that can price out entry-level or first-time buyers.
While the median price climbed in March, the average price of a new home in the United States declined by $14,500 or roughly 3.7 percent. This is the dilemma facing new home builders as mortgage interest rates now sit near 4-year highs.
decline 10% -1% mixed increase 5. January 1994 to December 1994: Rate up 2.1% from 7.1% to 9.2% Rate hike period moderate unemployment and low inflation 2% -5% Small decline 5% 1% Increase 3 months after hike Jan. 1994 to Mar. 1995: Rate up 1.4% from 7.1% to 8.5% 0% -7% Small decline 0% -3% Small decline 6 months after hike Jan. 1994 to Jun. 1995: Rate
New home sales decline to 8-month low in August. 10:00 AM ET Tue, 26 Sept 2017. CNBC’s Diana Olick reports the latest read on new home sales.
After two months of declines, US existing-home sales increase in February. by Claire brennan march 22, 2018. After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors.. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent.
Senior HUD official named FHFA deputy director Transportation Secretary Elaine Chao, HHS Secretary Alex Azar, Ag Secretary Sonny Perdue, Labor Secretary Alex Acosta, HUD Secretary. was deputy director of media affairs at the RNC. Adam.
Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is.
· Super-low mortgage rates have helped boost rebound in home sales and prices. Post to Facebook Rate on 30-year mortgage declines to 3.51% Super-low mortgage rates have helped boost rebound in home.
Affordability keeping some from listing their homes for sale Housing affordability in the United States is getting worse, with some experts. counties on this list are in New York state or California, which are home to many of the 25 metropolitan areas where.